Security

For Sole Banking Accounts : Extension of first charge on all fixed assets.

For Consortium/Multiple Banking Accounts : first charge on equipments acquired out of loan and collateral, if any, with the total security coverage being not less than 1.25.

Grant from IREDA

IRDEA, at present, gives a grant of Rs. 25,000/- for projects costing Rs. 1/- crore or below to meet partial cost of Energy Audit. This grant is available for the first 100 projects (SME Sectors only) approved by them.